Alfalfa Hay Market
Alfalfa, also known as lucerne, is a legume crop that grows in the legume family Fabaceae. It is a major forage crop in many countries, and is used in many applications, including hay and silage. Alfalfa hay contains high amounts of protein, calcium, and vitamins. It is also a great source of energy. Because alfalfa is a legume, its roots work with bacteria in the soil to convert nitrogen in the air into plant protein. These nutrients make alfalfa a superior feed for animals.
Market Dynamics:
The global alfalfa hay market is growing on the account of increasing population and increasing livestock numbers. The increased awareness of the importance of high-quality forage will fuel industry expansion in the coming years. The growing use of alfalfa hay by farmers will also lower transportation costs and environmental risks. As the demand for meat and dairy products continues to rise, the market for alfalfa hay will continue to grow. Growth in the dairy industry is further fueled by a number of factors, including increasing urbanization and population.
However, the market has experience some disruptions in 2020 due to the COVID-19 outbreak, which disrupted the supply chain in the industry. As a result, uncertainty in the industry was felt across various sectors.
Key features of the study:
Detailed Segmentation:
Table of Contents
*Browse 24 market data tables and 28 figures on "Global Alfalfa Hay Market” - Global forecast to 2030
We can customize every report - free of charge - including purchasing stand-alone sections or country-level reports
Customize NowWe help clients to procure the report or sections of the report at their budgeted price. Kindly click on the below to avail
Request Discount
Joining thousands of companies around the world committed to making the Excellent Business Solutions.
View All Our Clients